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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Which letter of credit is issued for a single or particular transaction:
Question # 2
The important types of banker's letter of credit:
Question # 3
Which of the following is a non-commercial letter of credit
Question # 4
Which letter of credit is accompanied by some documents
Question # 5
What is the nature of credit instrument IOU
Question # 6
Which one can be crossed :
Question # 7
What does the bank receive on issuing a letter of credit:
Question # 8
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Question # 9
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 10
Which of the following parties of a letter of credit is called beneficiary
Question # 11
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 12
Stock certificate is a document issued by
Question # 13
IOU is a document
Question # 14
Where are the stock certificates sold and bought
Question # 15
The letter of credit which can be endorsed to another person is called:
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
| 2 | The letter of credit which can be endorsed to another person is called: |
A. Special L.C
B. Transferable L.C
C. Resolving L.C
D. None of the above
|
| 3 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving
B. Back to Back
C. Transferable
D. None of the above
|
| 4 | What does the bank receive on issuing a letter of credit: |
A. Profit
B. Interest
C. Commission
D. Duty
|
| 5 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
|
| 6 | I Owe You is a written instrument drawn by |
A. Trader
B. Debtor
C. Creditor
D. All the above
|
| 7 | IOU is a document |
A. Negotiable
B. Non-negotiable
C. Conditional negotiable
D. Unconditional negotiable
|
| 8 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 9 | Which of the following parties of a letter of credit is called beneficiary |
A. Importer
B. Exporter
C. Opening bank
D. Advising bank
|
| 10 | Which of the following is useful in facilitating trade relation between the businessmen of different countries |
A. Bank draft
B. Money order
C. Letter of credit
D. Stock certificate
|
Test Questions
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